DLA Piper advised Talespin, a spatial computing company focused on workforce knowledge transfer and skill alignment through virtual and augmented reality programs, in a US$15 million Series B funding round led by cloud-based learning software provider Cornerstone OnDemand. Talespin will also partner with Cornerstone OnDemand to deliver its extended reality (XR) training solutions to customers.

The round also included participation from new investor HTC, as well as existing investors, including Farmers Insurance Exchange.

Founded in 2015, Talespin leverages its proprietary XR technology platform Runway to deliver XR-based learning and training applications and mixed reality field tools to support employee job performance, and to advance the collection and alignment of skills data. The company will use the investment to continue to power its Runway platform, as well as to expand research and development and to continue growing its VR learning content library.

“Drawing on our team’s experience advising companies operating in the quickly developing virtual reality space, we were pleased to assist Talespin with securing this financing round, which will allow the company to continue to expand its offering of transformative and innovative solutions,” said Tom Ara, co-chair of DLA Piper’s Entertainment Transactions and Entertainment Finance practices, who led the transaction.

In addition to Ara (Los Angeles), the DLA Piper team representing Talespin included Afshin Beyzaee, David Parsly and Rahul Sajnani (all of Los Angeles).

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